By: Nicholas Sokic
October 5, 2023
PC Urban Properties and Fiera Real Estate are expanding their Metro Vancouver multifamily investment partnership to develop 141 rental apartments– including 12 townhomes– at a property in South Vancouver.
A new proposal is awaiting a development permit from the city after receiving rezoning approval this summer.
Construction at the 1.09- acre site at 2596-2656 East 41st Ave. is expected to begin in fall 2024, with estimated completion in early 2026.
“We are committed to increasing the supply of purpose-built rental housing, despite the growing obstacles and market conditions,” Brent Sawchyn, PC Urban’s CEO, said in the announcement. “We are excited to be part of the new SRP (secured rental policy program to fast-track rental housing in Vancouver).
